FML 0.00% 15.0¢ focus minerals ltd

could we produce 120koz in 2010?, page-5

  1. 624 Posts.
    Xen,

    In a post earlier today I mentioned that I couldn't work out the numbers for this FY/calendar yr... FML targets were 75Koz in FY10 and 80Koz in calendar year 2010.

    There were 21Koz produced in 1H FY10 - that leaves a balance of 54K ozs by June to get target (14Kozsz already produced tghis quarter). That means that there will be only 26Kozs required in the 2nd half to get the calendar yr target (80Kozs). At only 13Kozs per quarter I think this highly unlikely, unless the "focus" in the 2nd half is on proving up reserves and toll treating and or Nepean. So, IMO they'll either miss FY10 target or blow the calendar yr target out of the water.

    If I had to place a bet I'd choose the latter.

    Cheers

    C12
 
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